EMBASSY OF UZBEKISTAN TO THE UNITED STATES
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NEWS AND EVENTS
March 7, 2013
11th Joint Meeting of Uzbek-Japanese Committee on Economic Cooperation Took Place in Tashkent
On March 5, 2013, within a framework of visit of representatives of Japanese business circles led by Vise-president, member of Managing board of Marubeni Corporation Mamoru Sekiyama, 11th joint meeting of Uzbek-Japan Committee on Economic Cooperation was held in Tashkent. Joint protocol was signed on the results of the meeting.

Uzbek-Japan and Japan-Uzbek committees on economic cooperation play visible role in developing bilateral relations between both states. Agreement on cooperation between committees was signed in May 1994 during visit of the President of the Republic of Uzbekistan Islam Karimov to Japan. For over the past period 10 joint meetings were held. The last one was hosted in February 2011 in Tokyo, press-service of Ministry of Foreign Economic relations, Investments and Trades of Uzbekistan reported.

Independent Uzbekistan is the strategic partner of Japan, pays priority significance to the development of cooperation with this country. Financial-economic contribution played and plays important role in consistent realization of economic reforms in our country. Official visit of the President of Uzbekistan Islam Karimov to Japan in February 2011 laid significant impulse to bilateral cooperation. Within a framework of the visit, totally 22 documents were signed, agreements with large companies engaged in the sphere of high technology were concluded.

Uzbek-Japan business forums have been regularly organizing since November 2006. In 2006, 2007 and 2009, three rounds of this event were held. Within a framework of second business forum in November 15, 2007, joint meeting of business group on strengthening economic cooperation between Uzbekistan and Japan was held. Based on this meeting, preparation to signing of agreement on maintaining and protecting investment has launched.

On the result of consequent works of sides, text of this agreement was approved, and signed on August 15, 2008, put into effect on September 24, 2009.

Sides are also actively developing cooperation in technical aid, in the framework of which Japanese specialists hand over assistance in development of Feasibility study investment projects and holding of researches on projects in Uzbekistan. Specialists of our country are going through short-term and medium-term internships on most various directions in Japanese International Cooperation Agency.

Largest Japanese companies and corporations such as Mitsui & Co.Ltd, Mitsubishi Corporation, Sojitz Corporation Ltd, Marubeni, Itochu Corporation, Isuzu Motors, Sumitomo Corporation and others are successfully operating in Uzbek market for a long time.

On the results of 2012, goods turnover between both countries made 214,7 million US dollars.

11 companies with the participation of Japanese investment, as well as 1 is with 100% Japanese investment are operating in Uzbekistan. Main sphere of activity of these companies are trade operations, transport services, tourism and healthcare, machinery and metal processing, light industry.

Uzbekistan accredited 14 representatives of Japanese companies engaged in export-import operations, equipment supply in the framework of investment projects and others. (Souece: Uzreport.uz).


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